The Trump Trade Is Back
- Final week of third period see dollar rally, bonds tumble
- Markets salivating over prospect for long-awaited tax cut
Belski Says Markets Should Be Excited by Higher Rates
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A painful quarter-end awaits some investors grappling with sudden reversals in key market trends.
The dying days of the third quarter have been marked by inflection points and U-turns, from bond favorites losing luster to a resurgent U.S. dollar and a jump in rate expectations. Even in stocks, there’s been few places where sitting tight would’ve been prudent.